Question: hello i need help with these math questions please and thank you Question 5 of 11 Dustin had a loan of $221,000 and made payments
hello i need help with these math questions please and thank you








Question 5 of 11 Dustin had a loan of $221,000 and made payments of $3,750 at the end of every month to settle it. If he received the loan at 2.92% compounded monthly, what was the balance on the loan at the end of four years? $0.00 Round to the nearest centQuestion 6 of 11 Christopher's student loan of $24,500 at 4.92% compounded quarterly was amortized over 4 years with payments made at the end of every month. What was the principal balance on the loan after 3 years? $0.00 Round to the nearest centQuestion 7 of 11 Leah had a loan of $162,000 and made payments of $2,500 at the end of every month to settle it. If she received the loan at 2.52% compounded monthly, what was the balance of the loan at the end of four years? O $55,428.36 O $53,044.76 O $179,162.04 O $50,656.16Question 8 of 11 Heather received a loan of $29,000 from the bank at 5.50% compounded monthly. If she had to repay $350 at the end of every month, what will be the principal balance at the end of 4 years? $0.00 Round to the nearest centQuestion 9 of 11 A design studio received a loan of $7,250 at 4.20% compounded semi-annually to purchase a camera. If they settled the loan in 3 years by making quarterly payments, construct the amortization schedule for the loan and answer the following questions: a. What was the payment size? $0.00 Round to the nearest cent b. What was the size of the interest portion on the first payment? $0.00 Round to the nearest centQuestion 9 of 11 b. What was the size of the interest portion on the first payment? $0.00 Round to the nearest cent c. What was the balance of the loan at end of the first year? $0.00 Round to the nearest cent d. What was the size of the interest portion on the last payment? $0.00 Round to the nearest centQuestion 10 of 11 Lauren's student loan of $27,500 at 4.02% compounded quarterly was amortized over 5 years with payments made at the end of every month. What was the principal balance on the loan after 3 years? O $17,576.09 O $11,663.72 O $12,129.76 O $11,196.12Question 11 of 11 A loan of $285,000 at 4.52% compounded quarterly was to be settled with month-end payments of $8,250. What will be the balance on the loan at the end of year 2? $0.00 Round to the nearest cent
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